Title: Senior Assistant Auditor – Business Support

Reporting to: Manager – Audit Business Support

Directorate: Internal Audit

JOB PURPOSE:

To assist in the planning and execution of the audits of the internal controls related to Internal Business Support at Oman Investment Authority (OIA) in order to maximize the efficiency and effectiveness of their operations by ensuring compliance with the set processes.

ROLES AND RESPONSIBILITIES:

• Assist in the preparation of the Internal Business Support’s audit testing program, Risk assessment of the adequacy of the design and operation of the controls associated with the key risks identified.
• Participate in the Internal Business Support’s audit plan preparation to clarify the steps to be followed during execution.
• Prepare draft Internal Business Support’s audit programs and test controls for the assigned audits to ensure all the key risks of the process are covered.
• Assist in the periodic Internal Business Support’s audits as per the set schedule and review findings with the Manager – Audit Business Support on a timely basis, to efficiently analyze existing controls and measure their effectiveness.
• Assist in gathering information through interviews, observation, and computer data retrieval to help the Internal Business Support auditors analyze data, define problems, establish facts, and draw conclusions.
• Assist in identifying and evaluating the current and/or potential risks associated with the scope under audit to improve the processes by recommending and implementing corrective actions.
• Prepare working papers documenting adequately work performed to ensure Internal Business Support’s audit traces of the work performed and enable its validation at the time being and in the future.
• Draft issues on the results of work performed for review by the auditor-in-charge to assist in the preparation of the audit report.
• Collect and analyze data to detect possible process deficiencies that are exposed to risks.
• Prepare test scripts and develop applicable attributes for valid testing of collected information to ensure that the proper audit process is applied to the audited information.
• Discuss Internal Business Support’s audit issues with various auditees and business support processes’ owners while analyzing relevant financial and business impacts to ensure processes are effectively applied under the guidance of Audit lead or Audit Manager.
• Assist in the preparation of Internal Business Support’s audit reports summarizing the scope and the results of work performed, root causes for control failure and recommendation to mitigate identified risks for communicating to the management.
• Conduct research in order to stay abreast with legislative issues and any change in governing regulations as well as changes in the business support arena.
• Ensure any changes in internal audit business support processes is reflected in the work procedures followed for each engagement.
• Understand in-depth the Company’s operational manual, policies, and procedures, applicable laws and regulations, to be enable testing the company’s operations’ compliance to the said references.
• Comply with the implementation of Internal Audit Directorate policies and procedures, to ensure that all relevant procedural and legislative requirements are fulfilled.
• Comply with all relevant health, safety, and quality requirements, in order to guarantee employee safety and legislative compliance.
• Participate in the identification of opportunities for continuous improvement of systems, processes and practices taking into account ‘leading best practices’, improvement of business processes, cost reduction and productivity improvement.

MINIMUM QUALIFICATIONS AND REQUIREMENTS:

• Bachelor’s Degree in Audit, Accounting, Finance, or any relevant field
• CPA, ACCA, CIA, or CMA are preferrable
• 3 to 5 years of work experience in investment management industry
• Fluency in English is essential
• Proficiency in MS Office is essential (especially Excel and PowerPoint)
• Experience with financial systems is desirable